Earnings Preview: Appian
Portfolio Pulse from Benzinga Insights
Appian (NASDAQ:APPN) is scheduled to release its quarterly earnings report on February 15, 2024, with an estimated EPS of $-0.24. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with share prices fluctuating post-announcement. Currently, Appian's shares are trading at $31.68, marking a 27.69% decrease over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 14, 2024 | 5:01 pm
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Appian is expected to report an EPS of $-0.24 for the latest quarter with significant interest in both the earnings outcome and future guidance. Historical performance shows variable stock price reactions post-earnings. Currently, the stock is down 27.69% over the past year, indicating bearish sentiment.
Given the historical mixed reactions to Appian's earnings reports and the current bearish sentiment indicated by a 27.69% decrease in share price over the last year, the short-term impact on APPN's stock price is uncertain. The focus will be on whether Appian beats the EPS estimate and provides positive future guidance. However, the current bearish trend and past price volatility post-earnings suggest a cautious outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100